12th Leadership Forum a Success!

Improving Natural Catastrophe Resiliency:
Insurance vs Intervention

Approximately 100 industry experts, policymakers and senior leaders from the insurance and reinsurance industries gathered at Lloyd's of London on November 29 for a timely discussion on natural catastrophe resiliency. As the full impact of the devastating 2017 hurricane season has become clear, the role of governments in the provision of insurance pools and regulation more generally has re-emerged as a critical topic for the industry to consider, as has the role insurance providers play in improving natural catastrophe resiliency, both as it relates to the impact of risk-based insurance rates on consumer decisions and the ways in which mitigation saves lives and helps communities confront natural disasters.  Click here to learn more about this forum.

Leadership Forum Speakers, pictured left to right, are John M. Huff, Former Director of the Missouri Department of Insurance, Financial Institutions and Professional Registration and Immediate Past President of the National Association of Insurance Commissioners (NAIC); Kevin O'Donnell, President and CEO, RenaissanceRe; Aidan Kerr, Director of Operations, Flood Re and Stephen Weinstein, Chairman, RenaissanceRe Risk Sciences Foundation.

The National Institute of Building Sciences Issues a New Report on the Value of Mitigation

Mitigation funding can save the nation $6 in future disaster costs, for every $1 spent on hazard mitigation.
Click [here] to read the report!

"Coastal cities: Hazard mitigation, recovery plans", by Texas A&M University, Science Daily – February 1, 2018
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"The Pentagon Warned That Climate Change Threatens Half of America's Military Installations", by Justin Worland, Time – February 1, 2018
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"Letters: Free residents from federal flood insurance; explore private-sector options", Letter to the Editor by Frank Nutter - The Advocate – February 1, 2018
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"Individual Income Insights: Can State Tax Laws Address All the Disasters of 2017?", by Emily White, Bloomberg – January 31, 2018
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"NFIP lapse during government shutdown highlighted insurance gaps", by Gloria Gonzalez, Business Insurance – January 30, 2018
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"Boston Agonizes Over How to Protect Itself From Future Storms", by Russell Gold, Wall Street Journal – January 28, 2018
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"On flood insurance renewal, later is better than sooner", by Stephanie Grace, The Advocate – January 27, 2018
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"With Congress back to work, it's time for the Senate to reform flood relief", by Opinion Contributor RJ Lehmann, The Hill – January 26, 2018
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"Floods dominate presidential disaster declarations: Pew", by Gloria Gonzalez, Business Insurance – January 26, 2018
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"Why people often don't properly prepare for hurricanes", by Jaclyn Rabinowitz, Earth Institute, Columbia University – Phys.org – January 26, 2018
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"NHC: Harvey brought more rain than any other hurricane in US history", by Lyle Adriano, Insurance Business Magazine – January 26, 2018
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"Rising uninsured storm damage share points to flood coverage gaps", by Bonnie Sinnock, National Mortgage News – January 25, 2018
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"Keeping Flood Insurance Above Water: Commentary", by Mark Anquillare, Insurance Journal – January 25, 2018
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"Insured Natural Disaster Losses in 2017 Were 38% of Economic Costs of $353B: Aon", Insurance Journal – January 24, 2018
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"In 2017, the oceans were by far the hottest ever recorded", by John Abraham, The Guardian – January 26, 2018
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"Climate Change Could Make Borrowing More Expensive", by Emily Chasan, Bloomberg – January 23, 2018
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"Insurance Protection Gap Is Growing Global Problem; Swiss Re, RenRe & WTW Comment", by L.S. Howard, Insurance Journal – January 17, 2018
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"The Move to a Private U.S. Flood Insurance Market", by Denise Johnson, Claims Journal – January 17, 2018
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"How Cities Can Respond to Rising Seas", by Craig K. Comstock, Contributor, Huffington Post – January 16, 2018
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"The Swampland Republicans", The Editorial Board, Wall Street Journal – January 16, 2018
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"Millions at Risk From Increased River Floods Triggered by Global Warming, Study Says", by Pam Wright, Weather.com – January 16, 2018
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"In Capitol Hill debate over future of flood insurance, role of private market disputed", by Bryn Stole, The Advocate – January 13, 2018
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"It's time to invest in our nation's coastal infrastructure", by Steve Cochran, Opinion Contributor, The Hill – January 12, 2018
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"Disaster Mitigation Targeted by Trump Saves $6 for Every $1 Spent, Report Says", by Christopher Flavelle, Bloomberg – January 11, 2018
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"Americans need better disaster relief and insurance programs", by Carolyn Kousky, Opinion Contributor, The Hill – January 11, 2018
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"New York City is suing 5 of the most powerful fossil fuel companies over climate change", by Natasha Geiling, Think Progress – January 10, 2018
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"Coastal Sea Rise Threatening Florida's Historic Resources", by Dinah Voyles Pulver and Dale White, Insurance Journal – January 9, 2018
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"FEMA Expands Flood Reinsurance Program with Private Reinsurers for 2018", by Andrew G. Simpson, Insurance Journal – January 8, 2018
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"Hurricanes, wildfires made 2017 the most costly U.S. disaster year on record", by Chris Mooney and Brady Dennis, Washington Post – January 8, 2018
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"'Kicking the can' approach to NFIP reform is 'not viable'", by Bethan Moorcraft, Insurance Business Magazine – January 8, 2018
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"After record disasters, Congress must act to protect Americans", by Josh Saks, Opinion Contributor, The Hill – January 8, 2018
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"Disaster aid becomes hostage to funding fight", by Melanie Zanona and Jordan Carney, The Hill – January 7, 2018
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"In New York, Drawing Flood Maps Is a 'Game of Inches'", by David W. Chen, New York Times – January 7, 2018
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"Megadisasters devastated America this year. They're going to get worse.", by Umair Irfan and Brian Resnick, Vox – January 8, 2018
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"Yes, it's freezing. But climate change is still real.", by Carolyn Beeler, PRI's The World, USA Today – January 2, 2017
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"Remembering Harvey: Dams and flood plains", Editorial, Houston Chronicle – January 1, 2018
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